Reinhart Partners LLC. Has $3.49 Million Holdings in American Financial Group, Inc. $AFG

Reinhart Partners LLC. lessened its stake in American Financial Group, Inc. (NYSE:AFG) by 50.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,504 shares of the insurance provider’s stock after selling 26,127 shares during the quarter. Reinhart Partners LLC.’s holdings in American Financial Group were worth $3,486,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Royal Bank of Canada raised its position in shares of American Financial Group by 11.1% in the 1st quarter. Royal Bank of Canada now owns 75,421 shares of the insurance provider’s stock valued at $9,905,000 after buying an additional 7,554 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of American Financial Group in the 1st quarter valued at approximately $2,330,000. Jones Financial Companies Lllp raised its position in shares of American Financial Group by 145.8% in the 1st quarter. Jones Financial Companies Lllp now owns 1,278 shares of the insurance provider’s stock valued at $168,000 after buying an additional 758 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of American Financial Group by 144.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 793 shares of the insurance provider’s stock valued at $100,000 after buying an additional 469 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in American Financial Group by 62.4% during the second quarter. Cerity Partners LLC now owns 2,941 shares of the insurance provider’s stock worth $371,000 after purchasing an additional 1,130 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Analyst Upgrades and Downgrades

AFG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 25th. Weiss Ratings upgraded American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 16th. Wells Fargo & Company upped their target price on American Financial Group from $155.00 to $158.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Piper Sandler upped their target price on American Financial Group from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $145.00.

American Financial Group Stock Up 0.5%

NYSE AFG opened at $128.97 on Wednesday. The business has a fifty day moving average price of $131.24 and a two-hundred day moving average price of $132.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.48 and a quick ratio of 0.48. American Financial Group, Inc. has a fifty-two week low of $121.75 and a fifty-two week high of $150.02. The stock has a market capitalization of $10.72 billion, a PE ratio of 12.26 and a beta of 0.64.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Thursday, April 30th. The insurance provider reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.07). American Financial Group had a net margin of 10.76% and a return on equity of 19.50%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company posted $1.81 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. Equities analysts expect that American Financial Group, Inc. will post 11.37 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Wednesday, April 15th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, April 15th. American Financial Group’s dividend payout ratio is presently 33.46%.

About American Financial Group

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.